Virgin Money has cut the interest rates on a number of its fixed rate mortgage products by up to 0.20 percentage points.

The new range features residential and buy-to-let products for both purchase and remortgage customers.

Two-year fixed rates are available from 3.55%, with five-year fixed rates available from 4.09%.

Fixed rate buy-to-let mortgages are available from 3.85%.

Virgin Money is also continuing to offer its cashback incentive on a number of purchase products. The buy-to-let range also includes a cashback incentive of £500 on completion.

For customers remortgaging from another lender, free standard legal services and a free basic valuation are also available.